Released on: August 14, 2008, 8:55 am

Press Release Author: Alexandria Richards

Industry: Real Estate

Press Release Summary: Blesso Properties has announced the company's newest project
- the restoration of a Federal townhouse in the West Village, set for completion
this fall.

Press Release Body: FOR IMMEDIATE RELEASE: (New York, NY, August 11, 2008) - Blesso
Properties (BP), a Manhattan-based real estate development firm with numerous
record-breaking sales in Manhattan, has announced the company's newest project - the
restoration of a Federal townhouse in the West Village, set for completion this
fall. Transforming 112 Washington Place, a neglected 1832 townhouse into a modern,
historically-inspired residence was no easy feat, but with two other West Village
townhouse gut renovations recently completed and sold for record prices, BP was
equipped to take on another.

When BP initially toured 112 Washington two years ago, passersby assumed the
building was abandoned. The home was actually occupied by a gentleman whose family
had owned the property for more than one hundred years and it had remained almost
unchanged during that time. "Walking into the house was like walking into a time
capsule explains project architect Andrea Steele of ANDArchitects, "We found
newspapers from the late 1800s, flags with thirteen stars, and tax filings in Quill
pen. the entire home was being held together by layers of paint." With the
residence in such a neglected state yet so rich in history, the challenge was to
preserve the original fundamental "context" while converting the townhouse into a
modern dwelling deserving of its setting in of the world's most sought after
neighborhoods. BP is a firm of historic preservationists and makes every attempt to
salvage and restore the unique elements that are uncovered in each project. 112
Washington presented enormous challenges-the front façade was literally slipping off
the building, for instance-but BP still managed to save and reuse key elements such
as the fireplaces and the doorknobs.

The extensive renovation process began in the home's parlor where dramatic light and
unique proportions brought to mind another era. "As the focal point of the
townhome, we wanted to treat the parlor as a found object while we renovated around
it," explains Steele. In order to expand on the flood of natural light, a
double-height living room was created for a stronger connection to the magnificent
outdoor garden, while details such as David Weeks light fixtures and a wood-burning
fireplace were added. The large garden, an unusual luxury in Manhattan, connects to
the living room through a dramatic windowed wall, generating stunning views through
the building of the tree-lined streets and creating a true indoor-outdoor feeling
year-round. The front façade was restored to its original glory, and boasts early
details such as wrought-iron railings, fluted columns, and a majestic entrance under
the unique transom. BP strived to bring the building back to its former glory where
possible while thoroughly updating other elements to satisfy today's discerning
buyer.

Upon its completion this fall, 112 Washington Place will be a new example of
"classic meets contemporary", complete with modern amenities such as a
video/intercom security system with multiple stations and Sonos multi-room audio
systems. Lavish finishes in this grand 3,500 square foot residence will include
5-inch North American black walnut floors and stairs, white carrera marble, four
fireplaces, and custom, handmade millwork.

Rarities such as a finished basement, a full-floor master bedroom/bathroom suite,
and a penthouse addition complete with entertainment room, wet bar and roof deck,
make this four-story townhome a sought-after residence that will set a new standard
for elegant downtown living.

ABOUT BP:
Blesso Properties, the innovative firm from banker-turned-developer Matthew Blesso,
is making a big impression on New York City real estate. The company's
unconventional approach has earned numerous design awards and rapid sell-outs
previously unseen in competing markets including highest average sellout for any
building north of 111th Street and highest price per square foot of any five-story
walk-up in New York history. By employing creative design, eco-friendly methods, and
a goal of transforming underutilized buildings into premier residences, BP produces
unique and stunning environments with sensitivity to the character of their
neighborhoods. The recent sell-out of a Harlem loft (some units above asking price),
as well as two townhouses in the West Village, prove that BP's formula for success
pays off even when the market is weak.

FOR MORE INFORMATION VISIT WWW.BLESSOPROPERTIES.COM or contact Robert McCain,
Stribling Marketing Associates, (646) 613-2654

Media Contact: Alexandria Richards
305-572-9883 x304
alexandria@americasmediagroup.com


Web Site: http://WWW.BLESSOPROPERTIES.COM

Contact Details: Media Contact: Alexandria Richards
305-572-9883 x304
alexandria@americasmediagroup.com